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Economic Times
15 hours ago
- Business
- Economic Times
Bitcoin at $124K, reaches all-time high. Here's what experts say
Live Events Ethereum Here is what experts say Parth Srivastava, Head of Quant, 9Point Capital's Research Team Vikram Subburaj, CEO, Himanshu Maradiya, Founder & Chairman, CIFDAQ (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Bitcoin surged to a new all-time high on Wednesday, mirroring gains in US equities as investors embraced riskier assets across global cryptocurrency reached the level of $123,500 on Wednesday. At 10:21 AM IST, the world's largest cryptocurrency was up 3.13% over the past 24 hours. And in the last seven days, it gained 7.66%.The milestone came soon after the S&P 500 closed at its own record for a second consecutive session, extending a summer run that has carried the benchmark to repeated highs, according to a report by to data from CoinMarketCap, the crypto sector's overall market capitalisation has ballooned to over $4.18 trillion, up from about $2.5 trillion in November 2024, when Trump won the U.S. presidential rally is being powered by increasing certainty of Fed rate cuts, sustained institutional buying and moves by the Trump administration to ease investment in crypto assets, said IG market analyst Tony Sycamore."Technically a sustained break above $125k could propel BTC to $150,000," he wrote in a has risen nearly 32% so far in 2025 on the back of long-sought regulatory wins for the sector following President Donald Trump's return to the White House. Trump has called himself the "crypto president" and his family has made a series of forays into the sector over the past year, according to a report by was recorded at the level of $4,764, and in the past 24 hours, it has gone up by 2.09%. Himanshu Maradiya, Founder & Chairman, CIFDAQ, says that Ethereum also climbed near its 2021 peak, trading at $4,717. Institutional inflows remain a key driver; BTC ETFs added over $3.6 billion in the past month, while corporate and sovereign treasuries now hold 3.64 million BTC, or 17% of supply. The markets may experience consolidation between $120K and $125K, but strong structural demand and limited supply will support further gains through the end of the expert, Vikram Subburaj, CEO at says that Ethereum mirrored Bitcoin's strength, and surged to $4,784, about $100 from its all-time high, driven by heavy institutional flows. The $4,600 level now acts as critical support for a push into price discovery. Broader altcoin sentiment followed suit, with Cardano gaining 15% and BNB inching closer to its high, reinforcing the narrative of deepening alt rally shows no signs of slowing, with momentum fueled by strong inflows, bullish sentiment, and a favorable macro backdrop. As price action builds on higher lows and breaks key resistances, the market is eyeing fresh highs. If current trends persist, BTC could be on track to extend its upside into uncharted reached a new high of $124,457 after softer July US CPI data bolstered expectations for a September interest rate cut. The breakout has cemented $120,000 as fresh support, with $126,000 emerging as the pivotal level to unlock the next leg higher. Momentum has been amplified by a clean sweep of the $122,500–$124,000 short-liquidation pocket, leaving nearly $2 billion in positions exposed should the move extend towards $125, open interest has surged to a record ~$16 billion, leaving limited scope for further leveraged build-up before reaching historic surged past $124,000 for the first time, setting a new all-time high before easing to $123,868. The rally was fueled by strong institutional demand and growing expectations of a September interest rate cut, with CME FedWatch now showing a 93.7% probability. Softer-than-expected U.S. CPI data at 2.7% y/y boosted optimism, though a core inflation uptick to 3.1% could keep the Fed cautious.
India Today
16 hours ago
- Business
- India Today
Bitcoin surges past $124,000 to hit all-time high. What's fueling the rally?
Bitcoin hit a record high on Thursday, surging past $124,000 for the first time before easing slightly to $123,868. Ethereum also climbed sharply, trading near $4,717, its highest level since rally reflects a mix of strong institutional demand, favourable macro conditions, and growing expectations of easier US monetary Maradiya, Founder and Chairman of CIFDAQ, explained the drivers behind the 'Bitcoin surged past $124,000 for the first time, setting a new all-time high before easing to $123,868. The rally was fueled by strong institutional demand and growing expectations of a September interest rate cut, with CME FedWatch now showing a 93.7% probability. Softer-than-expected US CPI data at 2.7% y/y boosted optimism, though a core inflation uptick to 3.1% could keep the Fed cautious,' he said.'Ethereum also climbed near its 2021 peak, trading at $4,717. Institutional inflows remain a key driver. BTC ETFs added over $3.6 billion in the past month, while corporate and sovereign treasuries now hold 3.64 million BTC, or 17% of supply,' he noted.'The markets may experience consolidation between $120K and $125K, but strong structural demand and limited supply will support further gains through the end of the year.'Edul Patel, Co-founder and CEO of Mudrex, added further context on the broader market impact: 'Bitcoin hit a fresh all-time high of $124,400, taking the overall crypto market cap to a record $4.18 trillion. Multiple factors, such as strong optimism for a September rate cut, corporate accumulation, consistent ETF inflows, and bullish derivatives activity, have contributed to the rally.""Moves by the Trump administration to ease investment in crypto assets have further improved market sentiment. Currently trading at $123,600, the breakout has pushed BTC into price discovery, with liquidation clusters forming near $125,500. If the momentum continues, we could see BTC heading towards $140,000 in the coming weeks," Patel put, the rally has been supported by expectations of a September interest rate cut from the Federal Reserve. CME FedWatch currently shows a 93.7% probability of a cut, while softer-than-expected US CPI data at 2.7% year-on-year has boosted market a rise in core inflation to 3.1%, however, could make the Fed more cautious, adding an element of uncertainty to near-term market is worth noting that institutional adoption remains a key driver. Bitcoin ETFs added over $3.6 billion in inflows in the past month, and corporate and sovereign treasuries now hold 17% of total BTC supply. This structural demand, combined with limited supply, has created a strong foundation for further gains, even if markets consolidate between $120,000 and $125,000 in the short say that regulatory clarity and increasing institutional participation are helping crypto mature as an asset class, paving the way for continued growth in 2025 and beyond.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- Ends
Time Business News
16-07-2025
- Business
- Time Business News
How Tether Is Dominating Emerging Markets in 2025
By 2025, digital currency is not just futuristic; some people in developing countries are even using it on a daily basis. One name that keeps on coming up is the Tether token. From African shopkeepers to Southeast Asian freelancers, an increasing number of people are now utilizing Tether to move money, earn payment, and safeguard their savings. But why? Why are Tether and this region so popular? A lot of people in emerging markets deal with inflation, depreciation, and banking problems. In some places local currency loses value very quickly, thereby making it difficult to save and plan for the future. Unlike the local currency, Tether is tied to the US dollar, hence its value stays stable for the holders of Tether. For those in countries where their money can go crashing next week, holding Tether feels solid, giving them a sense of security. Among the reasons for Tether's rapid expansion is that it is easy to use. Nothing is required: no bank account, no paper work. You just require a phone and a digital wallet. People use it to pay online, send money to family back home, or get paid for freelance work. It is fast, cheap, and gives service when the conventional banks do not. Earlier, there were some who doubted digital money. But the grim days are passing by. Since 2025, with the widespread use of smartphones in the hands of the general masses, they are more connected than ever. Tether has come to be accepted as a name for digital payments: the one that is trusted, the one that is reliable, and the one that is easy to understand. This trust has grown in regions where traditional banks have miserably failed to have a good bonding with the local people. Tether did not just spread by itself: it might have done it, but not that fast. It partnered with local apps, websites, and digital wallets. These were platforms that already had users, so it was straightforward for people to use Tether without having to learn something fresh. Exactly this kind of smart collaboration helped Tether go faster than other tokens or coins. One well-known name coming up in this space is CIFDAQ. It helps connect digital money with local financial systems. Tether is for anyone-and-small businesses use it, too. They receive payments in Tethers to avoid credit card fees and banking delays. Some even pay their workers in Tethers to save time and avoid cash shortages. It is becoming a part of the currency in many areas of the world. Tether has given birth to something special in emerging markets. It gives people control over their money in places where that is usually hard to come by. Assisted by a mixture of trust, stability, and ease of access, it is reinventing the financial lives of millions. As we go on through 2025, it is becoming quite apparent that the Tether token transcends the bounds of being just another digital asset. To so many, it is a lifeline, an instrument, and the very future of money. TIME BUSINESS NEWS
Hans India
15-07-2025
- Business
- Hans India
Bitcoin hits record high of $1,21,000
New Delhi: Leadingcryptocurrency Bitcoin surged past the $1,21,000 milestone for the first time on Monday. According to data from CoinMarketCap, the cryptocurrency went up 2.75 per cent at $1,21,097.94 in early trade. Market capitalisation (mcap) of Bitcoin reached at $2.41 trillion, up 2.85 per cent, with trading volumes at $60.69 billion, up 33.12 per cent, the data showed. This year alone, the cryptocurrency has surged more than 29 per cent, according to reports. Ethereum, the second largest cryptocurrency, jumped 3.28 per cent to $3,054.96, with market cap at $368.77 billion and trade volume at $21.62 billion, CoinMarketCap data showed. According to market watchers, Bitcoin's surge is driven by longer-term institutional buyers and this will propel it to $125,000 in the next month or two. 'Institutional demand remains a major driver, with US Bitcoin ETFs surpassing $50 billion in net inflows to date. BlackRock alone holds over $65 billion in BTC, while corporate treasuries continue to accumulate,' said Himanshu Maradiya, Founder and Chairman, CIFDAQ. Optimism is also fuelled by the US President Donald Trump administration's pro-crypto stance pushing for a Strategic Bitcoin Reserve and easing ETF approval norms. 'Macroeconomic shifts like a weaker dollar, rising treasury demand, and sovereign credit downgrades are further positioning BTC as a hedge. With regulatory clarity improving and Coinbase entering the S&P-500, Bitcoin's case as a mainstream asset has never looked stronger,' he added.
Economic Times
11-07-2025
- Business
- Economic Times
Bitcoin hits record high above $116,000 on institutional demand; Dogecoin, Hedera rally up to 12%
Bitcoin hit a record high of $116,893, fueled by institutional investment and optimism surrounding crypto policies under President Trump. Ether also rose, nearing $3,000, while altcoins like Dogecoin and Cardano saw gains. U.S. Bitcoin ETFs have exceeded $50 billion in inflows, with BlackRock holding over $65 billion in BTC. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Bitcoin surged to a new all-time high of $116,893 in early trade on Friday, driven by strong institutional inflows and optimism around crypto-friendly policies under U.S. President Donald Trump. The world's largest cryptocurrency has now gained more than 25% year-to-date and is up 102% over the past 12 the second-largest cryptocurrency, also climbed over 7% to trade near $2,965 after touching a five-month high of $2,995. Other major altcoins joined the rally, including Dogecoin (+10%), Cardano (+10.5%), Solana (+4.6%), XRP (+6%), and Hedera (+12.2%).'Bitcoin soared past $116,000, setting a new all-time high as bullish momentum returned following recent consolidation,' said Himanshu Maradiya, Founder and Chairman of CIFDAQ. 'Institutional demand remains a major driver, with U.S. Bitcoin ETFs surpassing $50 billion in net inflows to date. BlackRock alone holds over $65 billion in BTC.'Investor confidence has also been supported by macroeconomic trends such as a weakening dollar, rising demand for treasuries, and growing interest in Bitcoin as a hedge against sovereign credit risk. The inclusion of Coinbase in the S&P 500 further underscores Bitcoin's increasing acceptance as a mainstream sharp breakout also triggered a massive short squeeze, contributing to the speed of Bitcoin's ascent. 'A sharp $453 million short squeeze played a key role in accelerating Bitcoin's rally,' said Avinash Shekhar, Co-Founder & CEO of Pi42. 'Forced buying from liquidated bearish positions added fuel to the upward momentum.'Shekhar noted that this could be the beginning of a powerful phase in the current bull cycle. 'Momentum is accelerating across the crypto market , signaling that we may be entering the most decisive leg of this bull cycle.'Ethereum is now nearing the psychological $3,000 level, which traders see as a launchpad for its next breakout. Meanwhile, Dogecoin and other altcoins are also riding the wave of market euphoria.'Bitcoin is roaring!' said the CoinDCX Research Team. 'With over $165 billion added to the crypto market cap and $415 million in short positions liquidated, bulls have taken firm control. Long-term holders now control over 74% of Bitcoin's supply—at a 15-year high.'The rally also reflects broader institutional and political support for digital assets. In March, President Trump signed an executive order to establish a Strategic Bitcoin Reserve and appointed crypto-friendly figures such as former SEC Commissioner Paul Atkins to key roles. His media firm has also filed to launch a crypto-focused L, CEO of 9Point Capital, expects the rally to continue. 'BTC has now broken out just as expected, and the bullish trend is kicking in. We expect BTC to touch $125,000 in this leg of the rally.'In addition to the price surge, the market saw new developments including Robinhood launching ETH and SOL staking in the U.S., and Coinbase partnering with Perplexity AI to provide real-time crypto market long-term holders now control over 74% of total Bitcoin supply—marking a 15-year high—the market appears to be entering a new phase of sustained institutional accumulation and retail optimism.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
